Axis Bank Outlook for the Week (Sept 07,2020 – Sept 11,2020)

Weekly High: 533.85.

RESISTANCE 1.
508.

AXIS Bank closed the Weekly on negative note losing 10.60%.

Weekly Support & & Resistance For Axis Bank:.

Weekly Low: 452.60.

Stock is trading below 200 days exponential moving average, suggests long term pattern is bearish. EquityPandits Predicts Range for the Weekly as 561 on upside and 399 on drawback.

For the Week: (Sept 07,2020– Sept 11,2020).

ASSISTANCE 1.
427.

SUPPORT 2.
399.

Weekly Range: 81.25 Points.

Stock is trading below 200 days rapid moving average, recommends long term trend is bearish. EquityPandits Predicts Range for the Weekly as 460 on upside and 407 on drawback.

AXISBank Share Price: 455.20 (NSE).

The technical analysis reveals that stock cost are seen precisely moving within the upward increasing channel and currently placed near the channel assistance. In short pattern If price moves listed below this assistance we can see more weakness towards downside.

Technically on the daily charts EquityPandits Analyst see: Minor support on the downside lies at 427 levels, Minor resistance on the benefit is capped around 508 levels.

If stock breaches minor assistance on the drawback and closes below it we may see fresh break down and stock can drag towards Major Support on lower side @ 399 and If stock breaches minor resistance on the advantage and closes above it we might see fresh breakout and stock can head towards Major Resistances Level @ 561.

BSE: 532215

RESISTANCE 2.
561.